Oatly Results Presentation Deck

T THE ORIGINAL Notes: Nielsen only covers measured channels (~40% of total America revenue). 1. In key markets of Sweden, Germany, the U.S. and the U.K. for the last 52 weeks ending week 40, 2021 in Sweden, ending week 39 2021 in Germany, October 9, 2021 in the US, and October 9, 2021 in The U.K. Calculated as Oatly growth in value sales over the aforementioned periods as a % of total dairy alternatives category sales growth and as a % of total oatmilk category value sales growth over the aforementioned period. Excludes private label. 2. Velocity (rate of sales) based on top selling SKU by sales value compared to top selling SKU of next three largest competitors by sales value in key markets of Sweden, Germany, the U.S. and the U.K. for the last 12 weeks ending week 40, 2021 in Sweden, ending week 39 2021 in Germany, October 9, 2021 in the US, and October 9, 2021 in The U.K. (Major Multiples). Q3 2021 KEY FINANCIAL HIGHLIGHTS RECORD REVENUE AND PRODUCTION VOLUMES AT THE END OF Q3, WITH CONTINUED STRONG GROWTH ACROSS REGIONS CONTINUE TO SCALE PRODUCTION ACROSS THREE CONTINENTS - ALL TIME PRODUCTION HIGH IN OCTOBER GAINING MARKET SHARE ACROSS KEY MARKETS (1) THE ORIGINAL ●ATLY! #1 SELLING OATMILK SKU AND HIGHEST VELOCITIES ACROSS KEY MARKETS [²] THIRD QUARTER REVENUE IMPACTED BY TEMPORARY OGDEN PRODUCTION SET-BACK AND COVID-19 IN ASIA Q3'21 EARNINGS PRESENTATION 3

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